NATIONAL GRID PLC-SP ADR (NGG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:NGG - US6362744095 - ADR
We assign a technical rating of 10 out of 10 to NGG. Both in the recent history as in the last year, NGG has proven to be a steady performer, scoring decent points in every aspect analyzed.
Although NGG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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55.44
When analyzing the support we can see 5 important areas.
- A support zone ranging from 76.29 to 78.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 72.70 to 74.35. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 70.09 to 70.19. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @67.43 from a horizontal line in the daily time frame.
- Support @56.00 from a horizontal line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for NGG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NGG is up. |
| ChartMill Relative Strength | 83.93 | POSITIVE | NGG has a high relative strength, it outperformed 83.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NGG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NGG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NGG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.97 | NEUTRAL | The RSI value for NGG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests NGG has a positive trend. |
| Stochastics (14,3) | 85.19 | OVERBOUGHT | The high Stochastics value suggests NGG may be overbought. |
| Average True Range in percent/ATR (20) | 1.16 | LOW VOLATILITY | The low ATR as a percentage value for NGG suggests low volalility. |
| Average Directional Index/ADX (14) | 24.88 | NEUTRAL | The ADX value for NGG suggests a possible start of a new trend. |
80.12
+0.64 (+0.81%)
NATIONAL GRID PLC-SP ADR / NGG FAQ
What is the technical rating for NGG stock?
ChartMill assigns a technical rating of 10 / 10 to NGG.
Can you provide the trend direction for NATIONAL GRID PLC-SP ADR?
The current trend direction for NATIONAL GRID PLC-SP ADR (NGG) is Bullish.
What is the RSI signal for NGG stock?
NATIONAL GRID PLC-SP ADR (NGG) has an RSI value of 68.9713. This indicates that the stock is currently neutral.
What is the short term momentum for NATIONAL GRID PLC-SP ADR (NGG) stock?
The short term momentum for NATIONAL GRID PLC-SP ADR (NGG) is positive.
What are the support and resistance levels for NATIONAL GRID PLC-SP ADR (NGG) stock?
NATIONAL GRID PLC-SP ADR (NGG) has a support level at 78.58. Check the full technical report for our detailed analysis of NGG support and resistance levels.